Hercules Capital Inc Stock Forecast
Green day on Thursday for Hercules Capital Inc
(Updated on Apr 18, 2024)
The Hercules Capital Inc stock price gained 0.496% on the last trading day (Thursday, 18th Apr 2024), rising from $18.16 to $18.25. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.30% from a day low at $18.10 to a day high of $18.33. The price has risen in 6 of the last 10 days and is up by 0.44% over the past 2 weeks. Volume fell on the last day by -137 thousand shares and in total, 580 thousand shares were bought and sold for approximately $10.58 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.97 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.11% during the next 3 months and, with a 90% probability hold a price between $19.07 and $20.63 at the end of this 3-month period.
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HTGC Signals & Forecast
The Hercules Capital Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $18.18 and $18.22. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, February 26, 2024, and so far it has fallen -2.77%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hercules Capital Inc stock
Hercules Capital Inc finds support from accumulated volume at $18.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.235 between high and low, or 1.30%. For the last week the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: $17.42 (-4.56%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (HTGC) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Hercules Capital Inc to open at $18.23, and during the day (based on 14 day Average True Range), to move between $17.98 and $18.52, which gives a possible trading interval of +/-$0.274 (+/-1.50%) up or down from last closing price. If Hercules Capital Inc takes out the full calculated possible swing range there will be an estimated 3.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.20 (0.27%) than the resistance at $18.40 (0.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hercules Capital Inc stock A Buy?
Hercules Capital Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.969 Hold/Accumulate Unchanged
Predicted Opening Price for Hercules Capital Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $18.23 ( 0.137%) | $18.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HTGC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.46 | 1.15 % | |
| R2 | 18.37 | 0.659 % | ||
| R1 | 18.31 | 0.355 % | ||
| Current price: | 18.25 | |||
| Support | S1 | 18.14 | -0.629 % | |
| S2 | 18.08 | -0.93 % | ||
| S3 | 17.99 | -1.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.60 | 1.92 % | |
| R2 | 18.41 | 0.88 % | ||
| R1 | 18.40 | 0.82 % | ||
| Current price | 18.25 | |||
| Support | S1 | 18.20 | -0.274% | |
| S2 | 18.15 | -0.548% | ||
| S3 | 18.06 | -1.04% |
HTGC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Feb 27, 2024 | Mar 06, 2024 | $0.0800 | 0.435% |
| 2 | Oct 31, 2023 | Nov 14, 2023 | Nov 22, 2023 | $0.0800 | 0.514% |
| 3 | Aug 01, 2023 | Aug 17, 2023 | Aug 25, 2023 | $0.0800 | 0.487% |
| 4 | May 02, 2023 | May 15, 2023 | May 23, 2023 | $0.470 | 3.43% |
| 5 | Feb 14, 2023 | Mar 01, 2023 | Mar 09, 2023 | $0.470 | 3.40% |
FAQ
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